The paper builds on the concept of (shifting) involvements, originally proposed by Albert Hirschman (2002 [1982]). However, unlike Hirschman, the concept is framed in class terms. A model is presented where income distribution is determined by the involvement of the two classes, capitalists and...

The present paper emphasizes the role of demand, income distribution, endogenous productivity reactions, and other structural changes in the slowdown of the growth rate of output and productivity that has been observed in the United States over the last four decades. In particular, it is...

[Part I] This volume focuses on nationality's efficacy in much of world affairs, and on the background and current issues surrounding global crisis. As one of the most famous Marxist revolutionaries, Rosa Luxemburg vigorously promoted her own conceptions, often opposing Lenin, her contemporary....

The paper examines the long-run fluctuations in growth and distribution through the prism of wage-and profit-led growth. We argue that the relation between distribution of income and growth changes over time. We propose an endogenous mechanism that leads to fluctuations between wage- and...

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...

This Strategic Analysis paper provides an analysis of the medium-term forces behind economic growth since 1980, showing that the authors' previous work, grounded in the linkages between growth and the financial balances of the private, public, and foreign sectors of the economy, has proven a...

With the tightening of U.S. securities regulation as part of the Sarbanes-Oxley Act, the United Kingdom's more liberal laws have resulted in London surpassing New York as the world's financial capital. This paper examines how that came about, and asks whether it is a permanent condition, just as...

This study examines the market's reaction to foreign divestitures and explains why reactions vary across firms. A significant positive reaction is observed, which is similar in magniture to that observed for a matched control sample of domestic divestitures. The size of the reaction is...

The relationship between currency exchange rate risk and country risk, country development, and country geographic location are examined. Using a sample of 52 countries over the period from 1991 through 1995, results indicate that those countries with relatively high levels of country risk...

Romanian Abstract: În 2010, piaţa internaţională a aluminiului s-a caracterizat printr-o evoluţie pozitivă, atât din punct de vedere al disponibilităţilor de metal, cât şi al revigorării preţurilor. Conform analiştilor de la Biroul Australian al Agriculturii şi Resurselor (The...